Cash Flow Forecasts: Cash Flow Forecasts are an accurate and effective means of charting the sales and costs of a business within a specific time period. Not only does a cash flow forecast help give you a clear indication as to the performance of your business, it is crucially, an important means of sustaining and strengthening the ongoing management of the productivity and profitability of your business.
Selling/Purchasing a Business: Whether you are buying or selling a business we will provide advice as to how to maximise your sale price or negotiate a purchase. Most business sales require the completion of Form 19 which we can prepare for you or advise you in how to interpret the information presented when buying the business.
Business Plans: The development and implementation of a business plan is critical in the continuing success of your business. An effective business plan addresses the individual needs of your business whilst also providing you with a range of options that can help you determine the direction in which you want to take your business.
Outsource Payroll: We can manage your payroll for you or, alternatively, can provide you with the necessary tools to effectively and efficiently manage payroll yourself. We will assist you in determining the most cost effective means of managing your payroll and associated obligations.
Business Valuation: We can provide a tool for valuing your business either to aid a purchase or sale or as a management tool.
Business Structure: Whether it be a company, trust, partnership or super fund we will give you the right advice as to which structure best suits your needs. We consider the tax implications, legal liability issues, and ongoing cost in our recommendation and then set up the required structure for you.
Financial Accounts: The Compass Group can prepare comprehensive financial accounts for your business. Financial accounts provide you and your lenders with the full details of both your financial position and business performance.
MYOB and QuickBooks training and support: We provide assistance in the development and integration of MYOB and QuickBooks accounting software into your business. We also provide training and support services for both of these programs.
Bookkeeping Services: We provide a complete bookkeeping service including the recording and balancing of all financial records and transactions relating to your business. Outsourcing your bookkeeping alleviates the pressures involved in undertaking this process yourself, allowing you to spend more time developing your business.
PAYG payment summaries for employees: Not only do we calculate and prepare annual PAYG payment summaries (group certificates) for your employees, we also ensure that you comply with ATO reporting rules and guidelines.
BankLink: Our unique BankLink package is a fixed price all-encompassing bookkeeping service that:
- Gives you financial accounts each quarter
- Lodges your quarterly BAS 100% accurately and on time
- Includes preparation of the end of year income tax return
- Takes you about 20 minutes per month to complete the information that we request from you.
- Is initiated by us so we control the entire cycle so you do not have to think about when BAS’s are due and how much to pay.
WorkCover Information: We can provide you with general advice in relation to your WorkCover obligations and have specialist contacts to utilise if required. We will ensure that your WorkCover compliance is up to date and completed accurately.
ASIC Annual Reviews: We download client Company Annual Reviews from ASIC, assess them and then forward them to you for review with a covering letter explaining your obligations.
Company Register: Any changes that are required to keep the corporate register up to date with director and/or shareholder changes are handled by The Compass Group.
